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Proposal to transfer RISLA funds to general revenue to shore up dual‑enrollment program presented to finance panel
Summary
Officials told the committee the governor's budget would transfer funds from the Rhode Island Student Loan Authority to general revenue to support the dual and concurrent enrollment program, matching the governor's recommended funding level while the state studies program effectiveness.
The House Committee on Finance heard a proposal to transfer funds from the Rhode Island Student Loan Authority (RISLA) to state general revenues to support the dual and concurrent enrollment program for high‑school students.
Bridal Daniels, director of the Office of Management and Budget, described a proposed transfer of $5,600,000 (across fiscal 2025 revised and fiscal 2026) from RISLA to cover dual and concurrent enrollment support at the governor's recommended funding level. "We have 1 example today that you heard. $5,600,000 requested from the student loan authority, in both fiscal year 25 and '26," Daniels said, explaining the administration's approach to using operating transfers to help close budget gaps while aligning funds to…
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